GNLN vs WETH: Correlation
Measured on weekly returns over the past three years, Greenlane Holdings, Inc. (GNLN) and Wetouch Technology Inc. (WETH) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLN and WETH?
On 3 years of weekly data the GNLN/WETH correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.37). The 5-year figure is n/a, and annualized covariance runs at 10465.0 %².
Among the 13 assets we track against GNLN, WETH ranks #7 by 3-year correlation. The last year tells two different stories: WETH led by 106.5 percentage points, -89.2% for GNLN against +17.3% for WETH. Note the risk asymmetry: GNLN runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GNLN vs WETH: side by side
| GNLN (Greenlane Holdings, Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | -89.2% | +17.3% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 231.5% | 112.1% |
| Beta vs S&P 500 | 2.48 | 1.71 |
| Max drawdown (3Y) | -100.0% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | 0.3 | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLN | WETH |
|---|---|---|
| 2022 | -98.5% | – |
| 2023 | -82.0% | – |
| 2024 | -71.0% | – |
| 2025 | -99.9% | -24.3% |
| 2026 | -77.9% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLN and WETH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNLN and WETH?
The GNLN/WETH correlation stands at 0.37 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WETH a good diversifier for GNLN?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnln-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnln-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GNLN correlations · WETH correlations
